Snap, Inc., provides the following data for the next three months:?AprilMayJuneBudgeted production units………….442 units570544Ending raw materials inventory …….663 lbs.??Ending finished goods inventory …...174 units??Desired ending inventory:Raw Materials = 30% of next month's production needsPounds of raw material required for each finished Unit = 5 lbs.Calculate the amount of purchases of raw materials in pounds for April and May.
What will be an ideal response?
| ? | April | May | June |
| Production budgeted………………………… | 442 | 570 | 544 |
| Pounds of raw material per unit ……………… | ? 5 | ? 5 | ? 5 |
| Desired ending inventory of raw materials …… | 855 lbs. | 816 lbs. | 2,720 lbs. |
| Less beginning inventory of raw materials …… | (663)lbs. | (855)lbs. | ? |
| Purchase of raw materials in pounds …………. | 2,402 lbs. | 2,811 lbs. | ? |
Business
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